Firms' COVID-19 Pandemic Exposure and Corporate Cash Policy: Evidence from China. [PDF]
Econ Model, 2022 He Z, Suardi S, Wang K, Zhao Y.
europepmc +1 more source
Tobin's Q, economic rents, and the optimal stock of capital [PDF]
The correspondence between the demand for capital and various measures of Tobin’s q often is tenuous (Abel and Blanchard 1986; Hayashi 1982), at times even perverse.
Richard W. Kopcke
core
Cash‐holding Benefits and Their Influence on Seasoned Equity Offering Decisions
Abacus, EarlyView.This study investigates the cash‐holding motivations of issuers with excess cash. It aims to explain why these issuers choose to accumulate even more cash through stock issuances rather than utilize their existing surplus. I assess three competing cash‐holding motivation hypotheses: whether issuers raise cash: (i) to fund the needs of future growth ...
Ebrahim Bazrafshan
wiley +1 more source
Visualizing the sustainable development goals and natural resource utilization for green economic recovery after COVID-19 pandemic. [PDF]
Resour Policy, 2023 Zhang S +3 more
europepmc +1 more source
Optimal Investment with Lumpy Costs [PDF]
In this paper we solve a continuous-time model of investment with uncertainty, irreversibility and a broad class of lumpy adjustment costs. In addition to being general, our solution is quite tractable and intuitive. We show that, in contrast to standard
Duc T. Le, John Bailey Jones
core
The effect of addback statutes on CEO compensation
Accounting &Finance, Volume 65, Issue 1, Page 793-818, March 2025.Abstract Exploiting the adoption of addback statutes, which occurred at different times, as exogenous shocks to corporate taxable income, we examine the effect of tax policy changes on the compensation of chief executive officers (CEOs). We provide evidence that CEOs of firms headquartered in states affected by addback statutes experienced a decrease ...
Karel Hrazdil +3 more
wiley +1 more source
Migrant Top Management Team and Corporate Innovation: Evidence From China
Accounting &Finance, EarlyView.ABSTRACT This study explores the association between top management teams (TMT) comprised of migrant managers (migrant TMT) and corporate innovation. Using hand‐collected data for a sample of Chinese A‐share listed firms spanning the period 2008–2020, we find a positive and significant association between a migrant TMT and corporate innovation.
Ying Liu +2 more
wiley +1 more source
Green Finance and Corporate Green Innovation: Based on China's Green Finance Reform and Innovation Pilot Policy. [PDF]
J Environ Public Health, 2022 Han S, Zhang Z, Yang S.
europepmc +1 more source
Innovation and market value: a quantile regression analysis [PDF]
We construct a new database by matching firm-level Compustat data to NBER patent data, for four 2-digit complex technology sectors. Whilst conventional regression estimators show that the stock market does recognise efforts at innovation, quantile ...
Alex Coad, Rekha Rao
core
Real Effects of Temporary Employees: Evidence From Cost Behaviour
Accounting &Finance, EarlyView.ABSTRACT This study examines the relationship between the use of temporary employees and corporate cost behaviour, along with its managerial implications. Utilising a uniquely comprehensive data set on temporary employees from Korea, we find that firms with a higher proportion of temporary employees exhibit greater cost flexibility in response to sales
Sangil Kim, Ho‐Young Lee
wiley +1 more source